The condition imposed on ”B” by ”A” restricting the transfer of the land for 100 years is a condition in restraint of transfer. Such conditions are generally considered void as they unreasonably restrict the rights of the transferee (B) to deal with their own property. Therefore, the correct answer is (B) It amounts to Conditional Limitations on Transfer of Property.
A. Gift | I. Section 134 |
B. Mortgaged debt | II. Section 118 |
C. Exchange | III. Section 105 |
D. Lease | IV. Section 122 |